The Taviche project is comprised of the Higo Blanco concession covering 986 hectares and is located in the State of Oaxaca, Mexico within the San Jose Mining District, reportedly one of the first historic silver-mining areas in Mexico. Fortuna Silver Mine’s San Jose mine is located about 15 km west of Higo Blanco and is currently producing 3,000 tpd at 235 g/t Ag and 1.75 g/t Au from epithermal veins. About 45 km to the east, Gold Resources Corp. is exploring, developing and producing from several polymetallic epithermal veins.
Aura aggressively explored the Taviche area and, more specifically, the Higo Blanco structural corridor from 2007 to 2011. Significant silver and gold mineralization were discovered in numerous drill holes but a meaningful resource was not defined. Despite exceptional surface geochemistry and supporting geophysics, Aura was not able to finance the required deeper drilling for this exciting epithermal vein project.
In January 2019, an 80% interest in the project was vended to Minaurum Gold who will compile the historical data, initiate communication and programs with the host community and design a drilling program in 2019. Aura retains a free-carried (non-diluting) 20% interest in the project and has granted Minaurum an exclusive option to acquire this remaining 20% for a payment of $1 million. Minaurum’s first-hand knowledge and experience in Oaxaca supports Aura’s belief that Higo Blanco is the high-level manifestation of economic mineralization similar to the neighboring epithermal vein districts.
A location and geologic map of the Mezcal Vein at the Taviche project is as follows.
A schematic diagram of the exploration model for the Higo Blanco prospect at the Taviche project is as follows.
The Taviche District has a long history of mining. The San Jose Mining District has been active intermittently since Spanish colonial times and was Mexico's first historical silver-mining area containing more than 60 recorded underground mines. Mexico ranks as the largest silver producer in the world.
Please click on the below photos for a larger view:
Taviche Core Pictures
Taviche General Pictures